Suggestions




·

Naira Appreciates Against Dollar In Black Market To N1,382/$1

February 26, 2026
by
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Traders in the black market exchanged the United States dollar (USD) at N1,382.76 kobo per $1 in the black market on Thursday, February 26.

The dollar was traded in the black market at N1,404.8 kobo per $1 on Wednesday, February 25, representing a decrease of N22.04 in the foreign exchange (FX) of the USD.

Join our WhatsApp Channel

While the dollar appreciated against the naira by 1.56 percent in the parallel market, it appreciated by 0.27 percent in the Nigerian foreign exchange market (NFEM), where the official USD was exchanged at N1,359.81 kobo per $1.

The price of the American greenback increased by N3.7 kobo from the N1,356.11 kobo per USD recorded in the NFEM, also known as the official market, the previous day.

Also, the dollar traded as high as N1,362.9 kobo per USD and exchanged at N1,356.5 kobo per $1, the lowest FX rate during trading, before closing at N1,361.5 kobo per dollar.

Additionally, there were no changes in the pound’s FX rate in the black market, which traded at N1,954.99 kobo per £1, the same rate reported a day before.

However, the British currency appreciated against the naira in the official market, trading at N1,842.55 kobo per £1, above the N1,834.28 kobo per £1 offered on Wednesday, indicating a N8.27 kobo or 0.45 percent increase.

Also, the black market recorded an increase of N15 in the price of the euro, as it was exchanged at N1,652 kobo per, compared to the previous day’s N1,637 per €1.

Similarly, the euro appreciated in the official market, rising by N8.31 kobo to N1,606.30 kobo per €1, surpassing the N1,597.99 kobo per €1 reported on Wednesday.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

Valuation Of Nigerian Stock Market Drops By Over N514bn
Previous Story

Valuation Of Nigerian Stock Market Drops By Over N514bn

Featured Stories

Related Posts

Latest from Business

Valuation Of Nigerian Stock Market Drops By Over N514bn

Valuation Of Nigerian Stock Market Drops By Over N514bn

On Thursday, February 26, over N514.99 billion was wiped off the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market. The market capitalisation fell to N124.23 trillion, from the N124.75 trillion recorded on Wednesday, February 25.Join our WhatsApp
Nestle Invests Over ₦1.8bn in Dairy Development, Unveils Demonstration Farm 

Nestlé Nigeria Returns to Profit as Naira Stabilises

Nestlé Nigeria has returned to profit after two years of losses, helped by a more stable exchange rate and stronger sales. The company reported a net profit of 105bn naira ($) for 2025, compared with a post-tax loss of 164.6bn naira the
Valuation Of Nigerian Stock Market Drops By Over N514bn
Previous Story

Valuation Of Nigerian Stock Market Drops By Over N514bn

Don't Miss

exchange rate

Exchange Rate Update: Wednesday, October 10, 2021

Data at the FMDQ Security Exchange where foreign exchange (forex)
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigeria’s Equity Market Gains 0.64% As Seplat Energy, PZ, Others Shares Surge After Key Acquisition

Equity Market Starts Week Strong with Seplat Energy Leading Nigeria’s